Meta initiates restructuring to cut 20% of staff and reassign 7,000 employees to AI strategy

Odaily Odaily Planet Daily News Meta plans to launch a major restructuring on May 20, intending to lay off approximately 20% of its global workforce while reassigning about 7,000 employees to artificial intelligence (AI) related projects. This adjustment is part of Meta's ongoing push for its AI strategy, aiming to further concentrate resources on developing AI businesses. (Cointelegraph)